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Gold is up today as the U.S. dollar slides

26.07.2022

Market Review


Commodities market

Oil prices rose for a second day as concerns about supply tightening increased. Brent crude futures rose 1.6%, and WTI crude futures rose 1.5%.

Key tickers:

Brent: 102.14 — strong buy.

WTI: 98.61 — strong buy.

NG: 8.686 — strong buy.

Foreign exchange market

The dollar was down today despite the possibility of the Fed’s rate hike this week. The DXY index slid by 0.09%.

Key tickers:

EUR/USD: 1.0227 — neutral.

USD/JPY: 136.68 — strong buy.

USD/CAD: 1.2826 — strong sell.

GBP/USD: 1.2047 — sell.

Metals

Gold is up today over a weaker dollar, as the USD usually moves inversely to gold. Gold futures jumped 0.27%.

Key tickers:

XAU/USD: 1725.40 — strong buy.

XAG/USD: 18.630 — strong buy.

XPT/USD: 877.68 — strong buy.

XPD/USD: 2022.10 — strong buy.

Crypto market

Bitcoin price declined below $21,500, erasing the previous week’s gains. Similarly, most altcoins move lower. Ethereum is traded below the $1450 level.

Key tickers:

BTC: $21,081.3 — strong sell.

ETH: $1,417.26 — strong sell.

Neo: $9.1300 — strong sell.

Zcash: $54.10 — strong sell.

Stock market

European stock futures slid slightly today amid disappointing earnings from Swiss banking giant UBS. The DAX futures traded 0.2% lower, the CAC 40 futures dropped 0.3%, and the FTSE 100 futures fell 0.1%.

Key tickers:

  • indexes

S&P 500: 3,966.84 — neutral.

Nasdaq 100 (NDX): 12,328.41 — neutral.

Dow Jones Futures: 31,852.0 — neutral.

DAX: 13,180.00 — strong sell.

  • Shares

Apple #APPLE: 152.95 — sell.

Amazon #AMAZON: 121.14 — neutral.

Tesla #TESLA: 805.30 — neutral.

Meta Platforms Inc #FACEBOOK: 166.65 — strong sell.

Author: GC
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